Affordable Housing

PRACTICE GROUP

AFFORDABLE HOUSING

PRACTICE GROUP

AFFORDABLE HOUSING

Our Affordable Housing team provides practical and innovative solutions to navigate the complexity of affordable housing projects throughout New England. We maintain professional working relationships with the regulatory agencies, and our years of experience allow us to adeptly serve developers and project owners across the full spectrum of needs:

Acquisition

Development

Investment & Financing

Operation

Understanding your needs / providing solutions

Our team’s extensive knowledge and experience extends across every legal aspect of affordable housing, including:

DEVELOPMENT OF A PROJECT’S FINANCING STRUCTURE WITH MULTIPLE FUNDING SOURCES, including low income housing tax credits, tax exempt bonds, HOME, CDBG, affordable housing trust funds and other subsidized funding opportunities
PRACTICALLY AND EFFICIENTLY ANALYZING TAX, REAL ESTATE AND REGULATORY ISSUES to advance the client’s mission and goals
ANTICIPATING THE NEEDS AND CONCERNS of potential lenders, investors and governmental entities

Contact us today to discuss your specific needs

We’ve represented hundreds of successful clients and projects, including:

A not-for-profit affordable housing developer in the re-syndication of over 100 units of existing Low Income Housing Tax Credit (“LIHTC”) units in Manchester, NH. In one of the first re-syndications of an existing LIHTC project in NH, we represented the developer in securing financing through numerous funding sources, including the syndication of Low Income Housing Tax Credits, State HOME Funds, City of Manchester HOME Funds and various grants.
A not-for-profit affordable housing developer in the acquisition and development of a $5,500,000 affordable housing project in the historic district of Amherst, NH. Represented the developer in securing financing through numerous sources, including the syndication of Low Income Housing Tax Credits, CDBG Funds, State and Municipal HOME Funds and various grants.
A for-profit affordable housing developer in the refinancing of two affordable housing projects, totaling $24,000,000 in loan funds obtained through the Housing and Urban Development HUD 223(f) loan program.
Represented a joint venture between an affordable housing developer and a public housing agency to create 216 new units for residential housing utilizing a 9-4 twinned structure, tax-exempt bond financing and other funding sources.
Represented a public housing authority in the preservation and rehabilitation of 169 units of affordable housing utilizing the Rental Assistance Determination program, low income housing tax credits and tax-exempt bond financing.